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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area

Property Description

JLL & Stonebridge are pleased to offer for sale Craigieburn Junction, a new and dominant Large Format Retail centre situated in Melbourne’s north growth corridor.


Positioned on a highly exposed corner allotment in Craigieburn, the centre provides an unrivaled opportunity to secure a strong performing LFR precinct within a true town centre location

Investment Highlights

- Positioned on a high exposure corner site (60,480 sqm*) with 26,000 cars*^ passing daily

- A strong and diverse tenant mix, exemplified by a 87%* (by GLA) weighting to national/ chain operators

- Offering a 7.29 year* WALE (by income) with 95.8%* occupancy (by income)

- Built brand new in 2019, providing significant depreciation benefits

- Located in Melbourne’s North Growth Corridor the

MTA is set to grow 3.55% p.a. for the next ten years^

- Fully leased net income $7.7 million* p.a


*Approximately

^Location IQ, 2021


Craigieburn Junction is being offered for sale via expressions of interest, closing Thursday 19th August at 2:00pm (AEST).

Last Updated Date: 28 Jul 2021
Nick Willis
Senior Director, Capital Markets Transactions
Sam Hatcher
Sam Hatcher
Joint Head of Retail Investments - Australia

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Last Updated Date: 28 Jul 2021

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